AK Steel said that it has entered into a long-term supply agreement with Quebec Cartier Mining Company for the purchase of iron ore pellets. The 10- year contract provides for the purchase of a significant portion of AK Steel's iron ore needs from QCM. Iron ore pellets are a key raw material used by AK Steel in its blast furnace operations.
"This long-term agreement with QCM, a leading producer of iron ore products, represents another important step in AK Steel's raw materials strategy," said James Wainscott, president and CEO of AK Steel. "The agreement ensures that AK Steel will have a reliable supply of this important raw material for years to come."
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